GHMC’s bumper offer beckons tax payers

GHMC’s bumper offer beckons tax payers
Highlights

After collecting Rs 1,070 crore through property tax (for financial year 2015-16) and Rs 213.41 crore through early-bird rebate scheme (for financial year 2016-17), the Greater Hyderabad Municipal Corporation is contemplating to mop its property tax by another Rs 200 crore with Rs 1 lakh bumper prize offer. 

Hyderabad: After collecting Rs 1,070 crore through property tax (for financial year 2015-16) and Rs 213.41 crore through early-bird rebate scheme (for financial year 2016-17), the Greater Hyderabad Municipal Corporation is contemplating to mop its property tax by another Rs 200 crore with Rs 1 lakh bumper prize offer.

This offer would be applicable for the tax evaders who would clear their pending property dues (financial year 2015-16) before July 1. From July 2, the GHMC would penalise 5 per cent on the total property tax pending during the previous year.

According to a GHMC Revenue wing official, the civic body in order to lure the defaulters and enhance the property tax collection (for the financial year 2015-16) has decided to introduce Rs 1 lakh cash prize offer. He said that the GHMC would offer Rs 1 lakh for the first winner, Rs 50,000 for the second and Rs 25,000 for third and the winner would be picked through a lottery system.

The GHMC official further stated that the civic body has collected Rs 1,070 crore property tax until March 31 and Rs 213.41 through early bird rebate scheme (5 per cent rebate on the total property tax excluding arrears).

He said the GHMC is now eying on about 7 lakh assessments, who have evaded Rs 850 crore during the previous year. "We have fixed the target of minimum Rs 200 crore from the total Rs 850 crore yet to be collected towards the property tax", the official said.

The GHMC revenue wing official said that the GHMC would conduct extensive campaigns to raise the awareness regarding the Rs 1 lakh cash prize offer. The civic body would publicise it through caller tunes, hoardings, newspapers, and other medium, he added.

By:Maddy Deekshith

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